The role of corporate social responsibility in increasing company growth through micro waqf bank as a solution for economic resilience in the pandemic
DOI:
https://doi.org/10.21580/jiafr.2022.4.1.11139Keywords:
CSR, micro waqf bank, economic empowermentAbstract
Purpose - The purpose of this study was to determine the effect of corporate social responsibility (CSR) on increasing company growth through Micro Waqf Banks (a case study of Micro Waqf Bank customers during the covid 19 pandemic).
Method - The data were analyzed through the stages of reduction, display, and heuristic data, that is concluding from various data and findings obtained by researchers both from secondary data and primary data.
Result - Micro Waqf Banks provide loans with small margins so that cheap funding is needed, namely from government grants and CSR from companies, even from personal sources. But in practice, the institution has difficulty in the process of increasing the funding so that, in general, it still comes from government grants. From the results of the study, 50% of business customers increased so Micro Waqf Banks could affect the economic improvement of community members, especially Micro Waqf Bank customers.
Implication - MSMEs have increased from 10-40% so that it directly affects the economy of Micro Waqf Bank customers. This also indirectly affects the community's economy because of the associated economic cycle even during the COVID-19 pandemic.
Originality - This research is the first research using CSR and Micro Waqf Banks to increase company growth directly and to the country's economic growth indirectly.Downloads
References
Abubakar, Y. S. (2016). Corporate Social Responsibility of Islamic Financial Institutions: A Look from the Maqasid Al-Shariah (Purpose of Shariah) Approach. Business and Economics Journal, 07(04). https://doi.org/10.4172/2151-6219.1000255
Ahmed, H. (2011). Maqasid al-Shari’ah and Islamic financial products : a framework for assessment. ISRA International Journal of Islamic Finance, 3(1), 149–160.
Aras, G., Tezcan, N., Furtuna, O. K., & Kazak, E. H. (2017). Corporate sustainability measurement based on entropy weight and TOPSIS: A Turkish banking case study. Meditari Accountancy Research, 25(3), 391–413. https://doi.org/10.1108/MEDAR-11-2016-0100
Bank, E., Mikro, W., Implikasinya, D., Kesejahteraan, T., Dalam, M., & Central, S. (2020). AEksistensi Bank Wakaf Mikro Dan Implikasinya Terhadap Kesejahteraan Masyarakat Dalam Perspektif Islam. 6(02), 372–378.
Bing Bedjo Tanudjaja. (2006). Perkembangan Corporate Social Responsibility Di Indonesia. Nirmana, 8(2), 92–98. http://puslit2.petra.ac.id/ejournal/index.php/dkv/article/view/17049
Buallay, A., & Al-Ajmi, J. (2019). The role of audit committee attributes in corporate sustainability reporting: Evidence from banks in the Gulf Cooperation Council. Journal of Applied Accounting Research. https://doi.org/10.1108/JAAR-06-2018-0085
Budi, I. S., Rahmawati, R., Falikhatun, F., Muthmainah, M., & Gunardi, A. (2019). Financial Performance Mediation in the Influence of Islamic Corporate Governance Disclosure on the Islamic Social Reporting. Indonesian Journal of Sustainability Accounting and Management, 3(1), 75. https://doi.org/10.28992/ijsam.v3i1.77
Dali Nuradli Ridzwan Shah Bin, M., Hamdi Hakeim, M., & Hamid Suhaila, A. (2008). Performance of Shariah compliance companies in the plantation industry. International Journal of Islamic and Middle Eastern Finance and Management, 1(2), 166–178. https://doi.org/10.1108/17538390810881008
Dienes, D., Sassen, R., & Fischer, J. (2016). What are the drivers of sustainability reporting? A systematic review. Sustainability Accounting, Management and Policy Journal, 7(2), 154–189. https://doi.org/10.1108/SAMPJ-08-2014-0050
Disemadi, H. S., Roisah, K., Banggai, U. M. L.-, Hukum, F., & Diponegoro, U. (2019). Kebijakan Model Bisnis Bank Wakaf Mikro Sebagai Solusi Pemberdayaan Ekonomi Masyarakat. Law Reform, 15(2), 177–194. https://doi.org/10.14710/lr.v15i2.26176
Farooq, M. B., & de Villiers, C. (2019). Understanding how managers institutionalise sustainability reporting: Evidence from Australia and New Zealand. Accounting, Auditing and Accountability Journal, 32(5), 1240–1269. https://doi.org/10.1108/AAAJ-06-2017-2958
Fatmawati, F., & Natsir, S. (2018). Refleksi Realitas “Sustainability” Dalam Praktik Sustainability Reporting: Perspektif Shariah Enterprise Theory. Seminar Nasional Hasil Penelitian & …, 2017(1996), 129–134. http://jurnal.poliupg.ac.id/index.php/snp2m/article/viewFile/227/165
Fitriyah, N., Alamsyah, & P, H. (2016). Nur Fitriyah, Alamsyah, & Herlina P. : Kinerja Keuangan dalam Kerangka Maqashid... Jurnal Riset Akuntansi, 15(2), 72–95.
Fuadi, N. F. Z. (2018). Wakaf sebagai Instrumen Ekonomi Pembangunan Islam. Economica: Jurnal Ekonomi Islam, 9(1), 151. https://doi.org/10.21580/economica.2018.9.1.2711
Goleman et al., 2019. (2019). Peran Bank Wakaf Mikro Dalam Penguatan Modal Dan Pemberdayaan Usaha Mikro Di Surabaya. Journal of Chemical Information and Modeling, 53(9), 1689–1699.
Hahn, R., & Kühnen, M. (2013). Determinants of sustainability reporting: A review of results, trends, theory, and opportunities in an expanding field of research. Journal of Cleaner Production, 59, 5–21. https://doi.org/10.1016/j.jclepro.2013.07.005
Halbouni, S. S., Obeid, N., & Garbou, A. (2016). Corporate governance and information technology in fraud prevention and detection: Evidence from the UAE. Managerial Auditing Journal, 31(6–7), 589–628. https://doi.org/10.1108/MAJ-02-2015-1163
Hidayat, S., & Makhrus, M. (2021). Peranan Bank Wakaf Mikro dalam Pemberdayaan Ekonomi Masyarakat di Purwokerto. Jurnal Ilmiah Ekonomi Islam, 7(2), 577–586. https://doi.org/10.29040/jiei.v7i2.2249
Høgevold, N. M., Svensson, G., Klopper, H. B., Wagner, B., Valera, J. C. S., Padin, C., Ferro, C., & Petzer, D. (2015). A triple bottom line construct and reasons for implementing sustainable business practices in companies and their business networks. Corporate Governance (Bingley), 15(4), 427–443. https://doi.org/10.1108/CG-11-2014-0134
Huang, X. B., & Watson, L. (2015). Corporate social responsibility research in accounting. Journal of Accounting Literature, 34, 1–16. https://doi.org/10.1016/j.acclit.2015.03.001
Karaman, A. S., Kilic, M., & Uyar, A. (2018). Sustainability reporting in the aviation industry: worldwide evidence. Sustainability Accounting, Management and Policy Journal, 9(4), 362–391. https://doi.org/10.1108/SAMPJ-12-2017-0150
Kayed, R. N. (2012a). The entrepreneurial role of profit-and-loss sharing modes of finance: theory and practice. International Journal of Islamic and Middle Eastern Finance and Management, 5(3), 203–228. https://doi.org/10.1108/17538391211255205
Kayed, R. N. (2012b). The entrepreneurial role of profit-and-loss sharing modes of finance: theory and practice. International Journal of Islamic and Middle Eastern Finance and Management, 5(3), 203–228. https://doi.org/10.1108/17538391211255205
Laela, S. F., Rossieta, H., Wijanto, S. H., & Ismal, R. (2018). Management accounting-strategy coalignment in Islamic banking. International Journal of Islamic and Middle Eastern Finance and Management, 11(4), 667–694. https://doi.org/10.1108/IMEFM-04-2017-0088
Liesen, A., Hoepner, A. G., Patten, D. M., & Figge, F. (2015). Does stakeholder pressure influence corporate GHG emissions reporting? Empirical evidence from Europe. Accounting, Auditing and Accountability Journal, 28(7), 1047–1074. https://doi.org/10.1108/AAAJ-12-2013-1547
Mirfazli, E. (2008). Corporate social responsibility (CSR) information disclosure by annual reports of public companies listed at Indonesia Stock Exchange (IDX). International Journal of Islamic and Middle Eastern Finance and Management, 1(4), 275–284. https://doi.org/10.1108/17538390810919592
Mukhlisin, M., & Fadzly, M. (2020). Multiple logics within the international Islamic financial architecture: implications for Islamic financial reporting standards. Accounting Research Journal. https://doi.org/10.1108/ARJ-03-2020-0059
Narteh, B. (2013). SME bank selection and patronage behaviour in the Ghanaian banking industry. Management Research Review, 36(11), 1061–1080. https://doi.org/10.1108/MRR-06-2012-0147
Nasution, D. A. D., Erlina, E., & Muda, I. (2020). Dampak Pandemi COVID-19 terhadap Perekonomian Indonesia. Jurnal Benefita, 5(2), 212. https://doi.org/10.22216/jbe.v5i2.5313
Orazalin, N., & Mahmood, M. (2019). Determinants of GRI-based sustainability reporting: evidence from an emerging economy. Journal of Accounting in Emerging Economies. https://doi.org/10.1108/JAEE-12-2018-0137
Pogge, T., & Sengupta, M. (2015). The Sustainable Development Goals: A plan for building a better world? Journal of Global Ethics, 11(1), 56–64. https://doi.org/10.1080/17449626.2015.1010656
Pomare, C. (2018). A multiple framework approach to sustainable development goals (SDGs) and entrepreneurship. Contemporary Issues in Entrepreneurship Research, 8, 11–31. https://doi.org/10.1108/S2040-724620180000008006
Pratiwi, A. (2016). Islamic banking contribution in sustainable socioeconomic development in Indonesia: An epistemological approach. Humanomics, 32(2), 98–120. https://doi.org/10.1108/H-12-2015-0085
Purnomo, R., & Lestari, S. (2013). Terhadap Perkembangan Usaha Mikro Mustahik (Penerima Zakat) (Studi Kasus Rumah Zakat Kota Semarang). In Jurnal Bisnis dan Ekonomi (JBE).
Rahman, M., & Widayanti, D. (2021). Pengaruh Pembiayaan Bank Wakaf Mikro Terhadap Peningkatan Kesejahteraan Ekonomi Nasabah ( Studi Kasus Bank Wakaf Mikro Maslahah Syubbanul Wathon Magelang ). 6(2), 139–154.
Rahmawati, A., Pramasterina, B. H., & Setiawan, D. (2020). Analisis Metode Penelitian pada Bidang CSR di Indonesia. Jurnal Aplikasi Bisnis Dan Manajemen, 6(2), 242–257. https://doi.org/10.17358/jabm.6.2.242
Rama, A. (2013). Perbankan Syariah Dan Pertumbuhan Ekonomi Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 2(1), 33–56. https://doi.org/10.15408/sjie.v2i1.2372
Undang-Undang No. 32 tahun 2009 tentang Perlindungan dan Pengelolaan Lingkungan Hidup
Sarkawi, A. A., Abdullah, A., Dali, N. M., & Salim, N. A. (2015). Integrating Sustainability Indicators in Malaysia with Maqasid Al- Shari’ah (The Objectives of Islamic Law). ADVED15 International Conference on Advances in Education and Social Sciences, October, 395–406.
Setiawan, I. (2020). Analisis Peran Perbankan terhadap Pertumbuhan Ekonomi di Indonesia: Bank Syariah Versus Bank Konvensional. Jurnal Akuntansi, Ekonomi Dan Manajemen Bisnis, 8(1), 52–60. https://doi.org/10.30871/jaemb.v8i1.1649
Shamil, M. M., Shaikh, J. M., Ho, P. L., & Krishnan, A. (2014). The influence of board characteristics on sustainability reporting Empirical evidence from Sri Lankan firms. Asian Review of Accounting, 22(2), 78–97. https://doi.org/10.1108/ARA-09-2013-0060
Sudrajat. (2013). Penguatan modal sosial. 9–10.
Thanetsunthorn, N., & Wuthisatian, R. (2018). Cultural configuration models: corporate social responsibility and national culture. Management Research Review, 41(10), 1137–1175. https://doi.org/10.1108/MRR-08-2017-0254
Yusoff, H., Darus, F., & Amran, A. (2015). Islamic Corporate Social Reporting : Perspective of Makasid Al Shariah. Journal of Islamic Economics Banking and Finance, 11(1), 93–121. https://doi.org/10.12816/0026020
Zulfikar, A. (2018). Disclosure of Isr and Gri Index on Sharia Banking in Indonesia. Nisbah: Jurnal Perbankan Syariah, 4(1), 64. https://doi.org/10.30997/jn.v4i1.1164
Downloads
Published
Issue
Section
License
The copyright of the received article shall be assigned to the journal as the publisher of the journal. The intended copyright includes the right to publish the article in various forms (including reprints). The journal maintains the publishing rights to the published articles. Authors are allowed to use their articles for any legal purposes deemed necessary without written permission from the journal with an acknowledgment of initial publication to this journal.
The work under license Creative Commons Attribution License
Scopus Profile
Google Scholar
